Looking for lender for deal with NSF's (merchant has 2nd account)
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  1. #1
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    Looking for lender for deal with NSF's (merchant has 2nd account)

    Working this deal merchant has 2 accounts. One has 11, 10, 17 nsf's the last three months. 2nd account 4, 3, 6 nsf's last 3 months.

    Doing around 60-100k each account. Did 2.4MM last year(on tax returns)

    Would anyone do this deal using both accounts or would I only be able to get an approval based off of the account with low nsf's

  2. #2
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    CC split?

    What's the industry, and why only think MCA with ACH?

  3. #3
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    If actual number of negative days isn't over 5 per month, Strategic would be a good one to try.
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  4. #4
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    Quote Originally Posted by Red View Post
    Working this deal merchant has 2 accounts. One has 11, 10, 17 nsf's the last three months. 2nd account 4, 3, 6 nsf's last 3 months.

    Doing around 60-100k each account. Did 2.4MM last year(on tax returns)

    Would anyone do this deal using both accounts or would I only be able to get an approval based off of the account with low nsf's
    Big spread between 60K and 100K - but, depending on the total picture a credit card split with lock-box may be an option.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  5. #5
    Quote Originally Posted by Red View Post
    Working this deal merchant has 2 accounts. One has 11, 10, 17 nsf's the last three months. 2nd account 4, 3, 6 nsf's last 3 months.

    Doing around 60-100k each account. Did 2.4MM last year(on tax returns)

    Would anyone do this deal using both accounts or would I only be able to get an approval based off of the account with low nsf's
    This is a non-issue for Superior. We would underwrite both accounts. We also focus more on # of negative days than NSFs.
    Kaitlyn Miller
    ISO Coordinator
    770-617-2377
    KM@SuperiorCapitalfund.com
    http://superiorcapitalfund.com/

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